Chances Of A Recession Start To Dim As Experts Predict A Growth Rebound, Luxury Report, Manhattan’s Very First Public Beach Will Open This Year followed by

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Chances Of A Recession Start To Dim As Experts Predict A Growth Rebound

Many economists and investors had a clear narrative coming into 2023: The Federal Reserve had spent months pushing borrowing costs rapidly higher in a bid to tame inflation, and those moves were expected to slow growth and the labor market so much that the economy would be at risk of plunging into a downturn. (Full Story)

Luxury Report

The luxury market in New York City had a big week, with 29 contracts signed for homes priced $4M+*. It was the first time in six weeks more than 20 contracts were signed, and the highest number since 30 $4M+ contracts were signed the week of October 17. Is this a one-off, or a harbinger of things to come? Great question. (Full Story)

Manhattan’s Very First Public Beach Will Open This Year

The landscape architecture firm behind Domino Park and the High Line—James Corner Field Operations—had already been approved by the Hudson River Park Trust to design a public park with beach access on the Gansevoort Peninsula, and now next steps are finally taking place. (Full Story)

Team News

Join Us Every Third Thursday

Every month, we will be hosting a live roundtable where we discuss the current state of the NYC real estate market. We cover everything from trends, forecasts, timing, our recommendations, and more. Although we cover very high-level information, it is a casual conversation and we are joking around the whole time. It's a good time! Hope you can join us next week :)

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Client Appreciation Gift

Come watch my club perform the play "Proof" this Wednesday, Feb 23rd 8:00pm a

t the Amateur Comedy Club! It is a private club dating back to 1884.

Come as Martin’s guest. After the show, have a cocktail or two from Martin’s liquor locker from prohibition.

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227 Ocean Parkway, Unit D1 Kensington Studio \| 1 Bath	71 East 77th Street, Unit 9C Upper East Side 2 Bed \| 2 Bath

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Martin Eiden Team

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

© 2022 Compass. 90 5th Avenue, New York, NY 10011. All rights reserved. This email is a promotional message. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. Information deemed reliable but not guaranteed. This is not intended to solicit property already listed.

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Chances Of A Recession Start To Dim As Experts Predict A Growth Rebound, Luxury Report, Manhattan’s Very First Public Beach Will Open This Year

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Featured Blogs

International Buyers Are Pulling Back From The U.S. Housing Market, Wall St Ends Volatile Session Lower In A…

Brooklyn Real Estate Listings 6 Mo. Later, Dow Rises More Than 200 Points, Touches New Record Above 40,000, …

Manhattan Is Now A ‘Buyer’s Market’ As Real Estate Prices Fall & Inventory Rises, S&P 500 Hovers At Record L…

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